and market action has been showing this. when the year closes here, we're going to see new all-time yearly closing highs on the small-cap index, on the midcap index and on the dow transportation index. those are yearly closing highs. the nasdaq -- >> ok. >> excuse me? >> go ahead. i want to jump in and ask you, so you're talking mostly here about equities, for investors who have money in bonds, should they be now transferring money into equities or do you still see that it makes sense to keep some of your money in treasures and other bonds? >> it depends on the investor. if the yield is important to them as income and they won't need to sell their bonds before maturity, then i say hang on to them. i'm not one of those people who thinks that bonds are going to take a big drop. i would be skeptical of trying to play it tactically which means by some bond and then you look to sell them quickly, i wouldn't be doing that. but an investors who -- >> ok. >> an investor who invests in the bond income i wouldn't have a problem with t